Tuesday, February 18, 2014

Young Couples, Stop Procrastinating!

By: Barry G. Allen- President & CEO

The services of the KBF are not just for older adults. They are available to adults of all ages and circumstances. Unfortunately we find so many young couples, and especially those with minor children, have not executed any estate and incapacity planning documents. Oftentimes they simply have not considered the extreme risks to which they are exposing themselves and their minor children.

Among the young couples who have called upon the KBF for assistance was a couple with two minor children. Furthermore, they owned some real estate in Kentucky and in another state. They did not have any estate planning documents.

The husband had saved a bookmark he had received at the Christian Estate Planning Basics seminar Laurie Valentine, our trust counsel, and I had conducted in their church some time ago. The KBF’s toll free telephone number was on the bookmark. He contacted me, and I arranged a private consultation session for him and his wife with Laurie. There was no cost to them for this service because it is subsidized by the collective giving of Kentucky Baptist churches through the Cooperative Program. Laurie was able to answer their questions, make suggestions helpful in accomplishing their objectives, identify the estate and incapacity planning documents they needed and refer them to an estate planning attorney to represent them and produce the legal documents for them.

This couple’s testimony was “Laurie is very good at listening and making suggestions about what is needed and makes it easier to get an estate planning attorney to prepare the needed documents to carry out the plan. It was a pleasant, painless experience, and we highly recommend young and older adults to stop procrastinating in their planning and let the Foundation assist them. We now have peace of mind knowing a plan is in place to care for our children should we die or become incapacitated before they are adults.”

If you are a young adult, single or married, and have not executed a will and other important documents, please call Laurie toll free for assistance. If you are a parent, grandparent or friend of a single young adult or couple without these legal documents, encourage them to procrastinate no longer, and call Laurie.

For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533.

The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.

No comments:

Post a Comment

Post a Comment